Reliance Industries’ Oil-to-Chemicals segment faced margin pressures in the March quarter due to rising crude premiums, elevated freight, and insurance costs. Despite strong global refining margins, the company reported a 3.7% year-on-year decline in O2C EBITDA, impacted by higher fuel costs and policy interventions.
India is grappling with a severe cooking gas shortage. Refineries are increasing output, and new supplies are being sourced globally, including from the US. Consumers are being encouraged to switch to piped gas. The crisis has led to price hikes and impacted businesses. Authorities are taking action against hoarding and price gouging.
India’s power transmission sector anticipates a strong recovery by FY27. Regulatory changes and new investment models will drive capital flows and asset use. Challenges in recent years are giving way to improved performance. Significant investment opportunities are emerging, particularly in renewable energy integration and energy storage solutions. Monetisation of assets will be key to funding…
Fuel sales are rising rapidly across India. Consumers are stocking up on petrol and diesel. This surge is driven by expectations of a price increase once state polls end. Indian Oil Corporation has reported a significant jump in sales. The government has denied any plans for a price hike. Despite assurances, panic buying is occurring…
Fuel and LPG supplies in Karnataka remain stable. Indian Oil Corporation assures no petrol or diesel shortages. Domestic LPG deliveries are improving after a March 2026 surge. Commercial LPG prioritizes essential services. CNG consumption grows. Authorities combat hoarding. Auto LPG demand is met. Citizens are urged against panic buying.
Patel Engineering has won a major hydro-electric project in Nepal. The contract is valued at Rs 1,593.08 crore. This project is for the Lower Arun Hydroelectric Project. It is scheduled for completion within 54 months. The company is committed to delivering world-class engineering.
India is rapidly expanding its use of ethanol, a sugar-based fuel. This strategy aims to cut reliance on imported crude oil and boost farmer incomes. Recent policy changes support higher ethanol blends in vehicles and even aviation fuel. The nation is moving towards E20 and exploring E100. This push is a coordinated effort across agriculture,…
India has achieved a major milestone with its new fast-breeder nuclear reactor reaching criticality. This marks a significant step in a decades-old plan for energy independence. The reactor uses plutonium from spent fuel to generate electricity and more fissile material. This technology is complex and rare, with few countries operating such reactors.
Government has firmly denied any plans to raise petrol and diesel prices, calling such reports mischievous and misleading. Officials emphasized that India is unique in not seeing fuel price hikes over the past four years. Efforts are ongoing to shield citizens from global price volatility, especially amidst Middle East tensions.
Fuel prices in India may rise significantly after April 29. Global crude oil costs are high, causing losses for Indian refiners. Kotak Institutional Equities predicts a potential increase of Rs 25-28 per litre over time. However, the Ministry of Petroleum and Natural Gas has clarified that there is no such proposal to hike fuel prices…